A "fat fingered" typing error seems to have cost an NFT dealer more than $250,000.

The suspected-bot buyer also paid very high "gas" fees - which determine how quickly the Ethereum network processes a transaction - of 8 ETH ($32,000), to ensure the sale went through almost instantly.

Imagine if money charged you $32k on a $3k purchase to process that sale "almost instantly". NFTs should be an opt-in card for organ donation.

  • Mizokon [none/use name]
    ·
    3 years ago

    In traditional banking transactions, such errors are usually reversed easily if the bank facilitating them is told about the mistake quickly.

    But in the unregulated crypto-trading market, there is usually no way to reverse such a sale.

    :yea:

    that's an insane gas fee though. Dumbass bot

    • happybadger [he/him]
      ·
      3 years ago

      Don't tread on the bot that robbed me. :kitty-cri-texas:

    • axont [she/her, comrade/them]
      ·
      3 years ago

      Let's make money but without any of the safeguards against fraud normally controlled by regulatory state and financial institutions because I really need my monkey jpg